FY2025 Earnings Estimate for Veren Issued By Atb Cap Markets

Veren Inc. (TSE:VRN) – Equities researchers at Atb Cap Markets dropped their FY2025 EPS estimates for shares of Veren in a note issued to investors on Wednesday, January 22nd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $1.11 for the year, down from their prior forecast of $1.23. Atb Cap Markets also issued estimates for Veren’s FY2026 earnings at $0.91 EPS and FY2027 earnings at $0.58 EPS.

Several other research analysts have also commented on VRN. Canaccord Genuity Group reduced their price target on Veren from C$15.00 to C$14.00 in a report on Tuesday, October 22nd. TD Securities reduced their price target on Veren from C$15.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada reduced their price target on Veren from C$12.00 to C$10.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. BMO Capital Markets reduced their price target on Veren from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, CIBC reduced their price target on Veren from C$13.00 to C$12.50 in a report on Friday, January 17th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Veren presently has an average rating of “Buy” and a consensus price target of C$11.83.

Veren Stock Performance

Shares of VRN opened at C$7.58 on Friday. Veren has a 52-week low of C$6.34 and a 52-week high of C$12.67. The business’s fifty day simple moving average is C$7.37.

Veren (TSE:VRN) last released its quarterly earnings results on Thursday, October 31st. The company reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.04). During the same quarter in the previous year, the business earned $0.42 EPS.

Veren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, January 2nd were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date was Friday, December 13th.

Veren Company Profile

Veren Inc explores, develops, and produces oil and gas properties in Canada and the United States. The company focuses on crude oil, tight oil, natural gas liquids, shale gas, and natural gas reserves. Its properties are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota.